SoFi Gig Economy ETF (GIGE)
GIGE is an actively managed ETF by Toroso Investments. GIGE launched on May 8, 2019 and has a 0.59% expense ratio.
ETF Info
| ISIN | US8863645045 |
|---|---|
| CUSIP | 886364504 |
| Issuer | Toroso Investments |
| Inception Date | May 8, 2019 |
| Region | Developed Markets (Broad) |
| Category | Global Equities, Actively Managed |
| Index Tracked | No Index (Active) |
| Home Page | www.sofi.com |
| Asset Class | Equity |
Asset Class Size | Multi-Cap |
Asset Class Style | Growth |
Expense Ratio
The SoFi Gig Economy ETF has a high expense ratio of 0.59%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in SoFi Gig Economy ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | N/A | 5.84% |
| 1 month | N/A | -2.98% |
| 6 months | N/A | 22.02% |
| 1 year | N/A | 24.47% |
| 5 years (annualized) | N/A | 11.44% |
| 10 years (annualized) | N/A | 10.46% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | -7.76% | -7.02% | 24.18% | 9.33% |
Risk-Adjusted Performance
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for SoFi Gig Economy ETF (GIGE) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
SoFi Gig Economy ETF granted a 0.04% dividend yield in the last twelve months. The annual payout for that period amounted to $0.01 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Dividend | $0.01 | $0.01 | $0.00 | $0.80 | $0.12 |
Dividend yield | 0.04% | 0.04% | 0.00% | 2.78% | 0.34% |
Monthly Dividends
The table displays the monthly dividend distributions for SoFi Gig Economy ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.80 |
| 2020 | $0.12 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the SoFi Gig Economy ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the SoFi Gig Economy ETF was 74.24%, occurring on Nov 9, 2022. The portfolio has not yet recovered.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -74.24% | Feb 17, 2021 | 438 | Nov 9, 2022 | — | — | — |
| -33.04% | Feb 21, 2020 | 17 | Mar 16, 2020 | 44 | May 18, 2020 | 61 |
| -13.22% | Jul 29, 2019 | 47 | Oct 2, 2019 | 90 | Feb 11, 2020 | 137 |
| -9.75% | Sep 3, 2020 | 15 | Sep 24, 2020 | 11 | Oct 9, 2020 | 26 |
| -9.3% | May 9, 2019 | 17 | Jun 3, 2019 | 25 | Jul 9, 2019 | 42 |
Volatility
Volatility Chart
The current SoFi Gig Economy ETF volatility is 6.61%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.